About this property

Commanding in presence, rich in history, and filled with unmistakable Southern charm, The Cedric House presents a rare opportunity to own a piece of Leesburg history while generating immediate income. Built in 1860, this estate has been thoughtfully restored to preserve its architectural character while creating a functional, income-producing property. Recently appraised at $700,000, The Cedric House offers 4,954 total building square feet, 4,351 heated and cooled square feet, nearly an acre, and C-2 General Commercial zoning. Inside, the property impresses with high ceilings, crown molding, original hardwood floors, elegant fireplaces, natural light, and historic details throughout. Currently configured with three fully furnished suites, each with a private entrance, sitting room, bedroom, and full bathroom, the property generates $5,400 per month in rental income from top-quality tenants. An additional private office is available to lease for $1,200 per month, creating potential for $6,600 per month in total income. That same office could serve as an owner's office, management space, or be converted into a fourth suite. The Cedric House can serve multiple buyer profiles. An investor can continue the furnished rental concept with income already in place. An owner-user could live in the home while leasing the three additional suites, creating a unique live/work investment opportunity. A business owner could occupy the private office while collecting income from existing rental units. The layout also offers expansion potential, with existing rooms potentially reconfigured to create up to six or seven suites. A hidden office behind a paneled wall adds flexibility for storage, management, private workspace, or creative use. Offered furnished, this is a true turnkey opportunity. With C-2 zoning, historic appeal, income in place, and an adaptable floor plan, the possibilities are extensive. Continue its current use, or reimagine the space as a boutique inn, bed-and-breakfast, professional office, wellness center, counseling practice, salon, coworking studio, event venue, antique market with vendor booths, senior care home, personal care home, or assisted-living concept, subject to approvals. If zoning and governmental approvals allow, the property could also be converted back to a private residence, restoring its original purpose and preserving its history. Own Leesburg history, generate income, and invest in real character, flexibility, and true potential.